bakedbeans' learning journal

[bb01100100]

No profit cushion on prop account. That thing keeps trailing.

Yes, I came to the same realisation while I was away just now.. there is no cushion on prop and anything less than an equity high is simply closing the gap between that high and the liquidation level.

Upside: I'm $836 closer to my Apex goal of $3,000
Downside: Because I didn't stop at an equity high, I'm about $300 closer to my $2,500 trailing threshold.

I looked a different sizings for the trade copier on the Apex account:

4 micros x (scale-factor of 2) x 3 points -> $120 gross or 0.24% of the $50k account.
4 micros x (scale-factor of 3) x 3 points -> $180 gross or 0.36% of the $50k account

I'll continue with a scale factor of 3, which means I'll hit $150 net target when making 3 points. My long term average is 3.25 I think, so that fits in well with my approach.

[aliassmith]

No profit cushion on prop account. That thing keeps trailing.

Yes, I came to the same realisation while I was away just now.. there is no cushion on prop and anything less than an equity high is simply closing the gap between that high and the liquidation level.

Upside: I'm $836 closer to my Apex goal of $3,000
Downside: Because I didn't stop at an equity high, I'm about $300 closer to my $2,500 trailing threshold.



I looked a different sizings for the trade copier on the Apex account:

4 micros x (scale-factor of 2) x 3 points -> $120 gross or 0.24% of the $50k account.
4 micros x (scale-factor of 3) x 3 points -> $180 gross or 0.36% of the $50k account

I'll continue with a scale factor of 3, which means I'll hit $150 net target when making 3 points. My long term average is 3.25 I think, so that fits in well with my approach.

$750ish a week is a decent target. Passes in about a month.

When you pass and double your DD cushion you can make "100%"a year.

This is why I like the $50k account, the profit target and DD are almost equal and you can grow into the size. Plus its less expensive, $50 for a month and $160 lifetime for the "live" account.

I would rather have 2 $50k accounts than the $250k from bulenox. 2 accounts have 20 mini max, $6000 profit target and $5000 drawdown.

10 accounts have the ability to trade 90 contracts trading like you. 30 + 30 +30

[bb01100100]

...
I need to ask my CFD broker exactly which market this CFD follows - the pricing doesn't match any of the futures contracts as far as I can see, so I'm wondering if it's some index / blend of different contract months.
...

Corn CFD isn't futures. It might be spot prices. CFD may look similar but they are not the same assets as futures.

After a bit more digging I read something from Oanda (https://www.oanda.com/uk-en/trading/our-pricing/) saying that their commodity CFDs are a mixture of near and far futures contracts, but they don't disclose the ratios.

Best if I simply trade the patterns and breakouts I'm seeing on this chart and leave the fundamental / seasonal trade ideas for my futures account.

[bb01100100]

Bulenox eval update:

Net +0.48% for the day, +1.07% cumulative, target is 6%.

Fairly good trading, looking for a push higher and held and held until stopped out in profit as price came off; then waited for a retrace upward to get short, riding down to a zline.

I'm disappointed with the trade copier - several instances where it flattened my copied positioned when I did a partial scale out. It seems anything more than the most basic of all-in and all-out seems to result in inconsistencies.

Managed to finish +0.26% on Apex solely via the copier. I might change the config such that initial entries are copied but the Apex instance simply uses pre-defined exit points (e.g. +10 ticks, etc); and I can manually adjust as needed.

[aliassmith]

Bulenox eval update:

Net +0.48% for the day, +1.07% cumulative, target is 6%.

Fairly good trading, looking for a push higher and held and held until stopped out in profit as price came off; then waited for a retrace upward to get short, riding down to a zline.

I'm disappointed with the trade copier - several instances where it flattened my copied positioned when I did a partial scale out. It seems anything more than the most basic of all-in and all-out seems to result in inconsistencies.

Managed to finish +0.26% on Apex solely via the copier. I might change the config such that initial entries are copied but the Apex instance simply uses pre-defined exit points (e.g. +10 ticks, etc); and I can manually adjust as needed.

Ninjatrader8 with Replikanto is the beast of copy trading. Quantower worked well with only a few accounts. I tried 4 or 5 accounts it was fine then 10+ and it messed up.

[aliassmith]

https://youtu.be/IJcl7O2pHwc
Then there is that option

[bb01100100]

Ninjatrader8 with Replikanto is the beast of copy trading. Quantower worked well with only a few accounts. I tried 4 or 5 accounts it was fine then 10+ and it messed up.

I'm tempted to go down the Replikanto route, but I'll do my best to iron out the issues I'm seeing first.. SierraChart is very powerful and minimalist, so it would be a shame to need to leave it.

I closed down my instances today before I extracted the logging info; If I run into problems again I'll see if I can join the dots and ask for some feedback from Frederick.

[bb01100100]

https://youtu.be/IJcl7O2pHwc
Then there is that option

ewwwwwww, gross!

[bb01100100]

CFD account update:

Back to just above breakeven on the trade.. I'm sure that's a head & shoulders or something on the H4 chart, lol.

2023-10-17-CORN-swing.jpg (95.33 KiB) Viewed 4668 times

I'll keep my stop where it is; if I get knocked out, so be it. I've not been paying the trade much attention, since I wanted to see if it would grind higher or not.
Looks like 5.16ish is holding to the upside, so we'll see if 5.01ish does the same on the downside...

I've netted 1.72% on the account from carrying the position since I exited my FX trades back on 4th October; neat.

[aliassmith]

https://youtu.be/IJcl7O2pHwc
Then there is that option

ewwwwwww, gross!

Not as elegant but I bet it works

If you trade a few accounts from the same company the quantower isn't bad. Plus its free. Tradovate has a built in group trader also free. I hear it gets flaky with too many accounts also.

Trading 20 Apex or 11 Bulenox, Ninjatrader and Replikanto is smooth like butter. Its a little trickier to trade multiple rithmic prop companies but doable.